Child Benefit Act 2005

This is our most popular package with UK residents, and includes: -

The registration of your company from scratch using your own registered office address, and appoint your own candidates to the roles of director, secretary (if needed), and shareholder;

The standard capital on formation is £1.00, this is divided into 1.00 ordinary share valued at £1.00 (a minimum of one share must be issued);

The formation of a limited company usually takes as little as four to six hours from the time that your application and payment are received by Coddan;

The government fee for incorporation is included in the price of this package;

The following documents, which need to be printed and signed, will be emailed to you upon formation of your company: -

A certificate of incorporation (requires PDF file reader);

The memorandum & articles of association (requires MS-Word file reader);

The first meeting of the board of directors (requires MS-Word file reader);

Share certificates and a company register (requires MS-Word file reader).

E-Quick Package

£ 32.00

No Annual Charges

The Deluxe limited company package is a fast and easy option, it is ideal for the UK, EU, and international small to medium businesses who wish to appoint a nominee director and a nominee secretary in order to maintain anonymity, and it includes: -

Incorporation of your company from scratch using one of our registered office addresses in London, our nominee director and nominee secretary. We can appoint your own candidate(s) to the role of shareholder(s), or you can appoint a nominee sharholder provided by Coddan;

The standard capital on formation is £1.00, this is divided into 1.00 ordinary share valued at £1.00 (a minimum of one share must be issued);

The formation of a limited company usually takes as little as four to six hours from the time that your application and payment are received by Coddan;

The government fee for incorporation is included in the price of this package;

The provision of a registered office address for 12 months is included in the price of this package (our registered office address service is charged annually);

The provision of a nominee secretary for 12 months is included in the price of this package (our nominee secretary service is charged annually);

The provision of a nominee director for 12 months is also included in the price of this package (our nominee director service is charged annually);

The following two hard bound copies of corporate documents, will be posted to you upon formation of your company: -

A laminated copy of the certificate of incorporation of your company;

A hard bound copy of the memorandum and articles of association;

A hard bound copy of the minutes of the first meeting of directors;

Share certificates, and your company register;

The general power of attorney signed by a nominee director;

Pre-signed, undated resignation letter from a nominee director;

The agreement for the provision of nominee service and indemnification of nominee.

Deluxe Package

£ 557.00

Annual Maintenance Fee £525.00

A private company limited by shares in England and Wales must have at least one director, one shareholder, and may have a secretary.

You need at least one person to form this type of company. If there is only one director, and that director is a natural person in your company, that director can also act as the secretary.

A company must have at least one director who is a natural person. This requirement is met if the office of director is held by a natural person as a corporation sole or otherwise by virtue of an office.

You can register a sole director' company, if you are familiar with the secretaries duties and responsibilities, because all of them belongs to a sole director.

The directors and secretary of your company can also be shareholders.

The Companies Act imposes no restriction on the minimum age of company directors. However Companies House will actively discourage the appointment of anyone under the age of 16 from taking up a company directorship on the grounds that the individuals concerned may not fully understand the legal liabilities that go with the position and for the most part will not have the experience necessary to perform the duties of a company director.

Under the Companies Act 2006, there is no restriction on any or all of the members/shareholders being from an overseas country (i.e. outside the United Kingdom in terms of residency, domicile, citizenship, place of incorporation or all or any of those concepts).

There is no requirement for the officers of your company to be UK citizens or residents, nor for them to hold valid work permits.

Owning, or being an officer of a UK company does not, however, grant you any right to live or work in the UK if you are a foreign national.

Your company must have a registered office address within England or Wales; this is the official address of your company and will be on the public record as such.

Your company must hold its official company documents at its registered office address: its register of shareholders, and its constitutional documents.

So long as you maintain a registered office address in England or Wales, you can conduct your business from any place in the world: you do not have to run your business from your registered office address.

Legal Requirements to Register an LTD

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Child Benefit Act 2005

2005 Chapter 6 - continued

SCHEDULE 1, CONSEQUENTIAL AMENDMENTS - continued

back to previous text

PART 2

NORTHERN IRELAND

Social Security Contributions and Benefits (Northern Ireland) Act 1992 (c. 7)

The Social Security Contributions and Benefits (Northern Ireland) Act 1992 is amended as follows.

(1) Section 37 (widowed mother's allowance) is amended as follows.

(2) In subsection (1)(a), after "a child" insert "or qualifying young person".

(3) In subsection (2), after-

(a) "A child",

(b) "the child", in both places, and

insert "or qualifying young person".

(1) Section 39A (widowed parent's allowance) is amended as follows.

(2) In subsection (2)(a), after "a child" insert "or qualifying young person".

(3) In subsection (3), after-

(a) "A child",

(b) "the child", in both places, and

insert "or qualifying young person".

(1) Section 77 (guardian's allowance) is amended as follows.

(2) In subsection (1), after-

(a) "a child", and

(b) "that child",

insert "or qualifying young person".

(3) In subsection (2), for "child's parents", in each place, substitute "parents of the child or qualifying young person".

(4) In subsection (3)-

(a) after "child" insert "or qualifying young person", and

(b) for "child's parent's" substitute "parents of the child or qualifying young person".

(5) In subsection (4), after "child" insert "or qualifying young person".

(6) In subsection (5), after "child", in both places, insert "or qualifying young person".

(7) In subsection (7), after "child" insert "or qualifying young person".

(8) In subsection (8)-

(a) after "child", in both places, insert "or qualifying young person", and

(b) for "a child's parents" substitute "the parents of a child or qualifying young person".

(9) In subsection (9), after "child" insert "or qualifying young person".

(10) In subsection (10), after "child" insert "or qualifying young person".

(11) In subsection (11), after "child", in both places, insert "or qualifying young person".

In section 82(4) (increase in maternity allowance)-

(a) after "nor a child" insert "or qualifying young person", and

(b) for "a child or children" substitute "one or more children or qualifying young persons".

(1) Section 85 (increase in retirement pension) is amended as follows.

(2) In subsection (2)-

(a) after "nor a child" insert "or qualifying young person", and

(b) for "a child or children" substitute "one or more children or qualifying young persons".

(3) In the heading, after "children" insert "or qualifying young persons".

(1) Section 114 (persons maintaining dependants etc.) is amended as follows.

(2) In subsection (1), after "child" insert "or qualifying young person".

(3) In subsection (3), after "children" insert "or qualifying young persons".

(1) Section 121(1) (Parts 1 to 6: interpretation) is amended as follows.

(2) For the definition of "child" substitute-

""child" has the same meaning as in Part 9 of this Act;".

(3) Insert at the appropriate place-

""qualifying young person" has the same meaning as in Part 9 of this Act;".

(1) Section 139 (child benefit: person responsible for child) is amended as follows.

(2) In subsection (1), after "child", in each place except in the phrase "child benefit", insert "or qualifying young person".

(3) In subsection (2), after "child", in both places, insert "or qualifying young person".

(4) In subsection (3)-

(a) for "child's" substitute "fact that the child or qualifying young person is",

(b) in paragraph (a), for "full-time education by attendance at a recognised educational establishment" substitute "education or training of a description prescribed by regulations made by the Treasury", and

(5) In subsection (4)-

(a) after "any child" and "for the child" insert "or qualifying young person", and

(b) for "of the child" substitute "of him".

(6) In subsection (5), after "child", in both places, insert "or qualifying young person".

(7) In the heading, for "child" substitute "child or qualifying young person".

(1) Section 140 (child benefit: exclusions and priority) is amended as follows.

(2) Omit subsection (1).

(3) In subsection (2), omit "in other cases".

(4) In subsection (3), after "same child" insert "or qualifying young person".

In section 141(2) (different rates of child benefit by reference to age of child), after "child" insert "or qualifying young person".

(1) Section 141A (entitlement to child benefit after death of child) is amended as follows.

(2) In subsection (1), after-

(a) "a child", and

(b) "the child",

insert "or qualifying young person".

(3) In subsection (4), after "a child" insert "or qualifying young person".

(4) In the heading, after "child" insert "or qualifying young person".

(1) Section 142 (child benefit: presence in Northern Ireland) is amended as follows.

(2) In subsection (1), after "a child" insert "or qualifying young person".

(3) In subsection (3)-

(a) for "a child or other" substitute "any", and

(b) for "this section" substitute "subsection (1) or (2) above".

(1) Section 143 (child benefit: interpretation and supplementary) is amended as follows.

(2) In subsection (1), omit the definition of "recognised educational establishment".

(3) In subsection (3), after "child" insert "or qualifying young person".

(1) Part 5 of Schedule 4 (rates of industrial injuries benefits) is amended as follows.

(2) In paragraphs 1 and 4, in the second column, in paragraph (a), omit "child or adult".

(3) In paragraph 12-

(a) in the first column, after "children" insert "and qualifying young persons", and

(b) in the second column, for "qualifying child" substitute "child or qualifying young person".

(1) Schedule 7 (industrial injuries benefits) is amended as follows.

(2) In paragraph 4-

(a) in sub-paragraph (1), for "a child or children" substitute "one or more children or qualifying young persons", and

(b) in sub-paragraph (4), after "child", in both places, insert "or qualifying young person",

and in the heading before that paragraph, after "children" insert "and qualifying young persons".

(3) In paragraph 5(1), after "child", in each place, insert "or qualifying young person".

(4) In paragraph 6(1)-

(a) after "nor a child" insert "or qualifying young person", and

(b) for "a child or children" substitute "one or more children or qualifying young persons".

(5) In paragraph 16(2)(a), after "children" insert "or qualifying young persons".

(6) In paragraph 18-

(a) for "a child or children" substitute "one or more children or qualifying young persons",

(b) after "that child", in each place, insert "or qualifying young person", and

and in the heading before that paragraph, for "Children of deceased's" substitute "Deceased's".

(7) In paragraph 19, after "child", in each place, insert "or qualifying young person"; and in the heading before that paragraph, after "children" insert "and qualifying young persons".

(1) Schedule 9 (exclusions from entitlement to child benefit) is amended as follows.

(2) In paragraph 1-

(a) in sub-paragraph (1), after "a child" and "the child", and

(b) in sub-paragraph (2), after "a child",

insert "or qualifying young person"; and, in the heading before it, after "Children" insert "and qualifying young persons".

(3) Omit paragraph 2 (and the heading before it).

(4) In paragraph 3, after "a child" insert "or qualifying young person"; and, in the heading before it, after "Children" insert "and qualifying young persons".

(1) Schedule 10 (priority between persons entitled to child benefit) is amended as follows.

(2) In paragraph 1(1), after-

(a) "a child", and

(b) "that child",

insert "or qualifying young person".

(3) In the heading before paragraph 2, after "child" insert "or qualifying young person".

(4) In paragraph 4, after "child", in both places, insert "or qualifying young person".

Social Security Administration (Northern Ireland) Act 1992 (c. 8)

The Social Security Administration (Northern Ireland) Act 1992 is amended as follows.

(1) Section 11 (necessity of application for child benefit) is amended as follows.

(2) In subsection (1C), after "children" insert "or qualifying young persons".

(3) In subsection (2), after "same child" insert "or qualifying young person".

In section 71(2)(c) and (5)(c) (overlapping benefits), omit "child or adult".

In section 76 (child benefit: overlap with benefits under legislation of other member States), after "any child" insert "or qualifying young person".

In section 135(6) (effect of alteration of rates of benefit), after "child" insert "or qualifying young person".

In section 137(2) (effect of alteration of rates of child benefit), after "a child", in both places, insert "or qualifying young person".

In section 138(1) (treatment of excess benefit as paid on account of child benefit), after-

(a) "a child", and

(b) "of the child", in both places,

insert "or qualifying young person".

Social Security (Northern Ireland) Order 1998 (S.I. 1998/1506 (N.I. 10))

In Article 18(2) of the Social Security (Northern Ireland) Order 1998 (regulations about decisions), after-

(a) "a child", and

(b) "the child",

insert "or qualifying young person".

Prepared 30 March 2005


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